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20121002
20121010
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a minute, how could you have government jobs doing what they're doing? isn't it peculiar they're doing that now? we look at every element. whatever number you can pick, you can attach some conspiracy theory. i do not think, as i said earlier, that it stands the test of time. if you look over time, you go debt these inconsistencies. >> what i was a real estate reporter 20 years ago, there were people who thought we were manipulating the housing numbers back then. that was in the first bush administration. let me talk about the fiscal cliff a little bit. what's the deal going to look like? is there going to be a deal? describe what you think might happen here. >> so we put a 60 to 70% probable that there is a deal after the election, probably in the lame duck session or shortly thereafter. we think -- and there's a great piece on pimco.com by my colleagues that details that. we think that will amount to about a 1 to 1.5% contraction in fiscal terms as opposed to the 4% contraction that we would get in fiscal terms from the fiscal cliff. it is possible, not probable, that we go over the c
bear sterns. this is about fha-insured mortgages that the government says that wells fargo was misrepresenting to get fha insurance on these mortgages for a period of some ten years. they say about $190 million worth of mortgages may have been misrepresented, essentially ripping off the taxpayers for this fha insurance. under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. bre
the world and dealing with a government that withholds information. how do you balance that? of course, i'm talking about the chinese. >> well, that was actually, you know, there were a lot of issues around that. not only with alibaba but also with all of the users in china. to make sure that we were doing the right thing for everyone relative to freedom of information, so that's not going to go away any time soon. it's just going to have many chapters. we're probably only in chapter three. >> what a tremendous fall. i mean, shareholders obviously, yourself included, have watched the company lose a tremendous amount of market value. you think yahoo! can get it back? >> i think they can. think still have almost 800 million users. everybody likes to down play that. it's the third biggest group of users on the web. you know what's interesting is as i go around, if i get, you know, 30 miles outside of silicon valley, people love yaho yahoo!. they're always telling me about yahoo! mail and how they get their information. so i don't think they're nearly as cynical or abused as perhaps the press
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happens where either the government sits there and starts an antitrust -- i'm not saying apple will because they don't have it. every company has had something come up to it where they've broken it up or broken it back. at&t was broken up. microsoft -- i don't know -- >> when you're the tallest nail in the room, right, somebody's got a hammer. >> absolutely. i'm not saying that's going to happen to apple but it has happened in the past. >> you're dealing with a company that literally moves gdp, right? i mean, it's that significant, sam, what apple does. >> it and the three other tech stocks in the s&p that are the largest are larger than 200 stocks in the s&p. so you just get those three tech stocks -- those four tech stocks to do something good or bad and drags everybody else with it. >> i don't know about my sense of morality but it used to financials and it's not anymore. is that good? >> we see the rotation. it used to be the energy
Search Results 0 to 4 of about 5

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